Sony back among tech's leading lights | Business Times | BDlive: "ONCE upon a time, Sony was Apple. For decades, the Japanese consumer electronics giant was known for its innovation as much as Apple is today.
It commercialised the transistor radio with the TR-63 and popularised the console gaming market with the PlayStation.
It pioneered the compact disc (with Philips) and invented Blu-ray. Heck, it single-handedly created the portable music device market with the Walkman, two decades before Steve Jobs reinvented it for the digital age with Apple’s iPod.
Sony was known for quality, which allowed it to maintain healthy margins. Demand for the company’s products underpinned Japan’s export-led economic boom between the 1960s and 1980s."
Last week, Sony reported its first full-year profit in four years. Net income for 2013 was ¥43bn (about R4.4bn), from a loss of ¥457bn a year ago. Since the beginning of the year, Sony’s share price has almost doubled.
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